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Off Market
1/13

2588 Fire Mesa St
Las Vegas, NV 89128


HIGHLIGHTS

  • Attractive in-place income secured by two quality tenants who have occupied the building since its original construction in 2004-2005.
  • 61% of the building is occupied by credit tenant ADT Security Services, Inc. (NYSE: ADT) and 39% by Arcata Associates, Inc.
  • Existing rents are roughly 33% below market
  • History of institutional stewardship and investment
  • Prime location within the Las Vegas Technology Center in Northwest Las Vegas
  • Property is unencumbered thus may be purchased for cash or with debt financing

OVERVIEW

100% LEASED TWO-TENANT, SINGLE-STORY OFFICE BUILDING LOCATED IN THE LAS VEGAS TECHNOLOGY CENTER Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire fee simple interest in the Arcata Building (the “Property”, “Building”). The Offering includes one, single-story office building leased to two reputable tenants since original construction and located in the Las Vegas Tech Center just south of MountainView Hospital and adjacent to the Summerlin Master-Planned Community, one of the foremost masterplanned communities in America and the preferred office submarket in Las Vegas, Nevada. Occupied by Arcata Associates, Inc, an original tenant since construction in 2004 (39%), and ADT Security Services, Inc., a tenant since 2004 (61%). ADT recently completed $300,000 of interior improvements and has spent well over $750,000 in improvements during its 13-year occupancy. The Building is well-parked with 130 surface parking stalls (5.5/1,000sf) and provides a strategic location with access to US-95 (1 mile east) and Summerlin Parkway (1 mile south). The trade area enjoys a wealth of complementary businesses and neighboring amenities.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

Arcata Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

23040

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

130

LAND DETAILS

LAND ACRES

2.16 AC AC

LAND SF

94,090 SF

ZONING

-

APN/PARCEL ID

138-15-310-028